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Covidien

DTW Podcast: Zimmer Biomet slims, Corza Medical grows in pursuit of grabbing market share

February 8, 2021 By Tom Salemi

In this week’s DeviceTalks Weekly Podcast, Rich Newitter, managing director at SVB Leerink, says Zimmer Biomet’s decision to spin out its spinal and dental business will accelerate its already impressive market share grab in its core orthopedics industry. Newitter says CEO Bryan Hanson brings a tried-and-true diversification model used by companies like his former employer, […]

Filed Under: Dental, Device Talks Podcasts, Digital Health, Featured, Lab Instruments & Supplies, Orthopedics, Spine, Surgical, Wall Street Beat Tagged With: 3m, Abbott, Abbott Laboratories, Aegea Medical, Boston Scientific, CooperSurgical, Corza Medical, Covidien, Medtronic, SVB Leerink, Zimmer Biomet

Feds target Medtronic in ventilator antitrust investigation

September 30, 2020 By Nancy Crotti

Medtronic (NYSE:MDT) is under investigation by the federal government for allegedly limiting competition in the ventilator business, the company acknowledged late yesterday. The civil antitrust probe grew out of complaints about device shortages during the coronavirus pandemic, according to a report by the Wall Street Journal. The Journal cited “people familiar with the matter” as saying […]

Filed Under: Business/Financial News, Featured, Legal News, Respiratory, Wall Street Beat Tagged With: Covidien, Medtronic, Medtronic buys Covidien, Newport Medical Instruments, U.S. Biomedical Advanced Research and Development Authority (BARDA), U.S. Department of Justice

Medtronic responds to NY Times story about failed ventilator contract

March 30, 2020 By Sean Whooley

Medtronic (NYSE:MDT) is providing additional facts in response to a New York Times report detailing an acquisition by Covidien that allegedly changed the course of a government contract designed to increase ventilator supply, now a major problem amid the coronavirus pandemic. Medtronic bought Covidien for $50 billion in 2015 — years after the events described in the […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Food & Drug Administration (FDA), Mergers & Acquisitions, Regulatory/Compliance, Respiratory Tagged With: coronavirus, COVID-19, Covidien, FDA, Medtronic, Newport Medical Instruments

Medtronic’s Covidien to pay $20m to settle ClosureFast kickback allegations

March 13, 2019 By Fink Densford

Medtronic‘s (NYSE:MDT) Covidien has agreed to pay approximately $20 million to resolve kickback allegations related to the sale and promotion of its ClosureFast radiofrequency ablation catheters. The Fridley, Minn.-based company agreed to pay approximately $17.5 million to the U.S. to settle alleged violations of the False Claims Act and an additional $1.5 million to California […]

Filed Under: Business/Financial News, Featured, Legal News Tagged With: Covidien, Medtronic

Medtronic touts U.S. results of lung cancer detection trial

January 30, 2019 By Nancy Crotti

Partial results of a huge, real-world study of Medtronic’s (NYSE:MDT) superDimension LungGPS technology found that 65% of patients diagnosed with primary lung cancer (Stages I and II) were at early stages of the disease. Early detection of lung cancer is critical to improving patient outcomes long-term. The results came from a 12-month follow-up of the 1,215-patient […]

Filed Under: Clinical Trials, Featured, Oncology Tagged With: Covidien, journalofthoraciconcology, Medtronic

Medtronic asks judge to accept its negotiated $17.9m sentence in ev3 case

January 24, 2019 By Nancy Crotti

Medtronic (NYSE:MDT) wants the judge in its off-label marketing case against its neurovascular subsidiary ev3 to accept the sentence that the company and U.S. Justice Department have agreed upon. Medtronic agreed in December 2018 to plead guilty to a misdemeanor charge related to its marketing of the Onyx Liquid Embolic System, pay $17.9 million and adopt new […]

Filed Under: Legal News, Neurological Tagged With: Covidien, ev3 Inc., Medtronic

JenaValve names Kilcoyne as CEO | Personnel Moves – January 15, 2019

January 15, 2019 By Fink Densford

JenaValve Technology said today that it named former ReVision Optics prez & CEO John Kilcoyne as its new chief executive officer, effective immediately, replacing Dr. Victoria Carr-Brendell, who has taken up an executive leadership position with Sonova Holding AG (SIX:SOON). Prior to his time at ReVision Optics, Kilcoyne served as prez & CEO at Micrus Endovascular where he […]

Filed Under: Business/Financial News, Featured Tagged With: apyxmedical, biogennix, Cardiac Dimensions, Cardiovascular Systems Inc., Coorstek, Covidien, DaVita Inc., Digirad Corp., Endologix, ev3 Inc., Integra LifeSciences, Intuitive Surgical, InVivo Therapeutics, JenaValve, Johnson and Johnson, Medtronic, mentice, Micrus Endovascular Corp., Natus Medical Inc., Outset Medical, Patterson Companies, ReVision Optics Inc., Solace Therapeutics, Sonova Holding AG, Xtant Medical

Motus GI taps Moran as CEO | Personnel Moves – September 25, 2018

September 25, 2018 By Fink Densford

Motus GI said today that it named Timothy Moran as its new chief executive officer, effective October 1, replacing former CEO Mark Pomeranz who will assume the role of president and COO. Moran has previously served ConvaTec‘s (LON:CTEC) Americas president and helped lead the company through its initial public offering in 2016. Prior to ConvaTec, Moran spent […]

Filed Under: Business/Financial News Tagged With: Allurion Technologies, Baxter, biomedgps, Bristol-Myers Squibb Co., ConvaTec, Covidien, Integra LifeSciences, Lumicell, Mallinckrodt, MedX Health, MOTUS GI, Myomo Inc, National Institutes of Health (NIH), Natus Medical Inc., northstarmedicaltechnologies, Personnel Moves, Pursuit Vascular, ReWalk Robotics

Medtronic can’t shake shareholder suit over Covidien merger

September 4, 2018 By Brad Perriello

A Minnesota state court last week gave a group of Medtronic (NYSE:MDT) shareholders another chance at a lawsuit brought over its $50 billion acquisition of Covidien. In early 2015 Medtronic closed the Covidien deal, consummating in the biggest medical device acquisition ever. Shortly after the deal was announced during the summer of 2014, shareholder Lewis Merenstein sued in Minnesota’s […]

Filed Under: Legal News, Mergers & Acquisitions, Wall Street Beat Tagged With: Covidien, Medtronic, Medtronic buys Covidien

Aegea Medical picks up former Cardiokinetix, Concentric Medical CEO Sainz | Personnel Moves – May 14, 2018

May 14, 2018 By Fink Densford

Aegea Medical said last week it tapped former Cardiokinetix prez & CEO Maria Sainz as its new president and chief executive officer, effective immediately. Sainz will replace former CEO Don Gurskis, who has held the corner office since 2013. Gurskis will remain on as member of the Redwood City, Calif.-based company’s executive management team. “Maria is […]

Filed Under: Business/Financial News Tagged With: ACell, aegeamedical, Boston Scientific, Cardiac Dimensions Inc., CardioKinetix Inc., cellectbiotechnology, Cerus Corp., Concentric Medical Inc., Conventus Orthopaedics, Cordis Corp., Covidien, GE Healthcare, Guidant Corp., Hillrom, InfraReDx Inc., Nellix Inc., Nipro, Personnel Moves, sciton, Sensus Healthcare LLC, Stryker, Viveve Medical

Zimmer Biomet picks ex-Covidien exec Lannum for IR chief | Personnel Moves – March 20, 2018

March 20, 2018 By Fink Densford

Zimmer Biomet (NYSE:ZBH) said yesterday it tapped former Covidien investor relations head Coleman Lannum as its investor relations senior VP, reporting directly to prez & CEO Bryan Hanson. Lannum has more than 15 years in investor relations, having held positions with Mallinckrodt Pharmaceuticals (NYSE:MNK), Covidien and Tyco Healthcare. During his time with Covidien, Lannum oversaw the company’s initial […]

Filed Under: Business/Financial News Tagged With: Biocoat, Cogmedix, Covidien, Draeger Medical, Elekta, EMC Corp., Imaging3, imetechnologies, Mallinckrodt, Medtronic, Personnel Moves, Siemens, Sight Sciences, Tyco Healthcare, Varex Imaging, Zimmer Biomet

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DeviceTalks by MassDevice · How Zimmer Biomet is competing in ortho’s data race; Do medical devices carry physics-based biases?

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